Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2011

Basis of Presentation and Summary of Significant Accounting Policies [Abstract]

Equity (including Noncontrolling Interests)

The following table presents a reconciliation of our consolidated temporary equity accounts from December 31, 2010 to September 30, 2011 (in thousands):


	Preferred
	noncontrolling			Preferred stock
	interests in Aimco			subject to
	Operating			repurchase
	Partnership			agreement
Balance, December 31, 2010	$	83,428		$	20,000
Preferred distributions		(5,012	)		—
Redemption of preferred units		(43	)		—
Repurchase of preferred shares		—			(10,000	)
Net income		5,012			—

Balance, September 30, 2011	$	83,385		$	10,000

Permanent equity

The following table presents a reconciliation of our consolidated permanent equity accounts from December 31, 2010 to September 30, 2011 (in thousands):


				Noncontrolling			Common
				interests in			noncontrolling
				consolidated real			interests in
	Aimco			estate			Aimco Operating			Total
	Equity			partnerships			Partnership			Equity
Balance, December 31, 2010	$	1,046,042		$	291,458		$	(30,728	)	$	1,306,772
Contributions		—			12,358			—			12,358
Issuance of common stock		72,012			—			—			72,012
Issuance of preferred stock		19,028			—			—			19,028
Redemptions and repurchases of preferred stock		(18,567	)		—			—			(18,567	)
Preferred stock dividends		(37,390	)		—			—			(37,390	)
Common dividends and distributions		(43,075	)		(32,974	)		(3,021	)		(79,070	)
Repurchases of common units		—			—			(4,831	)		(4,831	)
Amortization of stock based compensation cost		4,725			—			—			4,725
Stock option exercises		1,806			—			—			1,806
Effect of changes in ownership for consolidated entities (Note 4)		(43,085	)		14,124			14,827			(14,134	)
Change in accumulated other comprehensive loss		(6,236	)		(402	)		(604	)		(7,242	)
Other		205			45			—			250
Net loss		(44,153	)		(4,612	)		(5,838	)		(54,603	)

Balance, September 30, 2011	$	951,312		$	279,997		$	(30,195	)	$	1,201,114

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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